June 18: Toyota Wins Le Mans Again; the Ferrari Restomod Boom; Bonhams Sells Out; a $3M Maserati Bound for Monterey
Toyota wins Le Mans again, a strong run of auction results led by a sell-out at Bonhams, the booming market for reimagined classic Ferraris, and the build-up to Monterey — headlined by a ~$3M Maserati.

In this episode:

On the Track
- 24 Hours of Le Mans — two races in one: the overall battle (the fastest prototypes) and a separate GT3 class for production-based cars. Toyota won overall, its 6th Le Mans victory, with Aston Martin also on the overall podium. Corvette won GT3.
- Koenigsegg set a new top-speed record for a production car.

The Week on the Block
- Bonhams' National Automobile Museum sale sold every lot — a 100% result.
- RM Sotheby's "Sealed" online auction (sealed-bid format) closed Wednesday, headlined by a 1969 Lamborghini Miura; results were not disclosed.
- ALT/FNDATA data: a 1970 Miura P400 in our database sold for $1.7M at Mecum, for a sense of the model's market; and the single most valuable car in our database over the past 90 days is a 1966 Shelby 427 Cobra Roadster at $1.8M, also at Mecum.

Monterey on the Horizon
- Monterey Car Week (August) is the biggest event on the calendar. RM Sotheby's is revealing its catalogue.
- A 1954 Maserati A6GCS, a class-winning race car, is heading to Broad Arrow with an estimate of nearly $3M. For context, the last 1954 A6GCS in our database sold for $2.3M.

The Restomod Boom
- The clearest theme in the market: modern reinterpretations of classics, especially Ferraris.
- Evoluto — a reimagined 1990s Ferrari F355, limited to 55 examples.
- GTO Engineering — a revival of the Ferrari 250 GT short-wheelbase Berlinetta.
- A Jean Sage take on the Ferrari F40, lighter and more powerful than the original.
- Even the Dino 246 is getting a reworked "Evo" version.
- The appeal: the look and soul of a vintage car with modern reliability and performance.

New & Bespoke
- Bentley unveiled a 1-of-100 bespoke Continental GT S, hand-finished by Mulliner, with a new limited version planned each year.
- Maybach is lending its name to a "Gigayacht" and members' club, to be built by German shipyard Lloyd Werft.

Cars With a Story
- The Jensen Interceptor once owned by Led Zeppelin's John Bonham is heading to auction.
- The 1965 Chevrolet Corvette of astronaut Gus Grissom is up for grabs — automotive and space history in one. Provenance reliably adds a premium.

Market Context
- At the Hong Kong auto show, Chinese automakers made a clear push to court wealthy buyers, including in right-hand-drive markets — a sign of how aggressively China's carmakers are moving upmarket.

By the Numbers (ALT/FNDATA data)
- Top car, trailing 90 days: $1.8M — 1966 Shelby 427 Cobra Roadster (Mecum).
- Miura comp: $1.7M — 1970 Lamborghini Miura P400 (Mecum).
- Maserati A6GCS comp: $2.3M — last 1954 A6GCS in our database (vs the ~$3M Monterey estimate).

Week Ahead
- All roads lead to Monterey in August; we'll track the consignments as the major houses reveal their catalogues.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Closing Price — Mon-Fri at 5 PM ET

June 11: Porsche Unveils a Toy Story 911 Trio; Ferrari Slips on a Slow China EV Launch; Bombardier Sets a Montreal–Nice Record
Bonhams clears 110 cars from the old Harrah Collection in Reno, two Lamborghini icons head to RM Sotheby's, brand-backed restomods keep coming, and there are records set in the air.

In this episode:

Headline Sale — Bonhams National Automobile Museum (Reno), Saturday June 13
- 110 vehicles, all offered without reserve: 80+ from the original Harrah Collection (limited-production cars and one-off concepts) plus 30 from the Minden Automobile Museum, Nebraska
- Top lots: 1936 Cord experimental limousine ($450,000–$650,000); 1954 Carrera Panamericana Lincoln Capri coupe ($150,000–$250,000); a 1960 Fiat aerodynamic concept gifted by Sergio Pininfarina; a 1902 Capitol Chariot steam prototype
- The museum (formerly the Harrah Collection) recently completed a $4M renovation

Coming to RM Sotheby's — Two Lamborghinis
- 1969 Lamborghini Miura P400 S by Bertone: RM Sotheby's Sealed, June 17, est. $2.2M–$2.6M; 1 of 338, completed Sant'Agata January 1969, silver over tan, ex-Angus Mitchell collection
- 1985 Lamborghini Countach (1 of 300 of the most powerful version): RM Sotheby's, August, est. ~$1.1M

Restomods — Reborn Classics
- Boreham Motorworks Ford Escort Mk1 RS (rebuilt with Ford's blessing); HWA EVO (a tribute to the Mercedes 190E DTM cars); Kimera Automobili K39 (a Koenigsegg-powered reimagining of the Lancia 037)

Special Builds
- Porsche, with Disney and Pixar: a trio of one-off 911s tied to Toy Story 5, to be sold for charity
- Jason Momoa, with Hedley Studios: a one-of-a-kind electric Mini Bentley Blower, a scaled 1920s race car with 100 custom touches

Milestones & Trends
- Honda marks 50 years of the Accord; Subaru teases three new manual-transmission models

Aircraft
- Bombardier's Global 8000 flew Montreal to Nice in just over 6 hours, a record for the route; Helios Horizon flew what it says is the first aircraft on solid-state batteries, with stratospheric tests planned for later this year

The Equity Angle
- Ferrari (RACE) closed −3.1% Wednesday, the weakest luxury name, after a report that its first all-electric car had a slow start in China; a Seeking Alpha analysis argues Porsche and Ferrari are converging in strategy

Motorcycles
- Bonhams Online Summer Sale closes Sunday, June 15: 300+ lots, 250+ without reserve

Week Ahead
- Bonhams National Automobile Museum (Reno) — June 13
- Bonhams motorcycle sale closes — June 15
- RM Sotheby's Sealed (with the Miura) closes — June 17

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Closing Price — Mon-Fri at 5 PM ET

June 4: Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M; Bonhams to Auction 100 Cars from National Automobile Museum
Our inaugural episode covering collector car auctions, motorcycle sales, and auto sector equities.

In this episode:

RM Sotheby's Tegernsee — Consignment Announced (July 4)
- Venue: Gut Kaltenbrunn, Lake Tegernsee, Bavarian Alps
- In partnership with Concours of Elegance Germany
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot, track-only, rarely offered publicly)
- 2023 Ferrari 812 Competizione: EUR 1.25M–1.5M
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M
- 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter: EUR 470K–570K
- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet: EUR 300K–400K
- 2006 Mercedes-Benz CLK DTM AMG Cabriolet

Bonhams National Automobile Museum (June 13)
- Nearly 100 cars from the National Automobile Museum in Reno, Nevada
- Many lots offered without reserve

Blue Chip vs New Chip
- Hagerty market analysis comparing traditional blue-chip collector cars (air-cooled 911s, Ferrari Daytonas, Mercedes 300SLs) to "new chip" models (Porsche 992 GT3, BMW M3 CS)
- 812 Competizione in Tegernsee consignment: 2023 model estimated above original retail within three years

Ferrari — Production and Pricing
- Q1 2026 deliveries: 3,436 units, down 4.4% YoY (deliberate slowdown)
- 29.5% operating margin in 2025 — highest among publicly traded automakers
- FY2026 revenue guidance reaffirmed at ~EUR 7.5B

BMW M2 xDrive
- BMW announced M2 gains xDrive AWD for 2027 model year
- AWD now across M5, M3, and M2 lineups

Motorcycles — Bonhams Summer Sale (Live June 5-15)
- Over 300 lots, more than 250 without reserve
- Spanning veteran motorcycles, British classics, Italian exotica, competition machines
- Mecum Las Vegas January 2026 benchmark: 1,800+ motorcycles, $20M total, 92% sell-through, 8 records
- Bonhams earlier this year: Grand Prix MV Agusta sold for over $1M

Recent Auction Data — The Market by Bonhams
- 2009 Ferrari California: ~$34,000
- 2018 Jaguar F-Type: ~$20,000
- 1991 Porsche 944 Turbo: ~$8,000

Equity Snapshot
- BMW, Mercedes-Benz, Porsche: testing technical support levels
- Ferrari (RACE): 29.5% operating margin, FY25 revenue EUR 7.1B

Week Ahead
- Bonhams Motorcycles Online Summer Sale closes June 15
- Bonhams National Automobile Museum — June 13, Reno
- RM Sotheby's Tegernsee — July 4

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Closing Price — Mon-Fri at 5 PM ET
- Luxury Spending — Wednesdays at 8 AM ET